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$794,000

For Sale - Active
130 W Florida Blvd, Madison, MS 39110
4 Beds
4 Baths
0 Square Feet
0.21 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jun 23, 2025 at 03:01AM

Investment Summary


Monthly Cash Flow
-$1,638
Cap Rate
3.2%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.4%

Property Description


0.21 Acres Lot
Built in 2007
For Sale - Active
Units n/a

This stately, completely renovated 3,398 square foot home includes 4 spacious bedrooms, 3.5 luxurious baths, and a cozy upstairs den / playroom. The exterior stands out with new exterior paint, shaker roof and copper accents. As you enter you are greeted by a formal dining area, large great room with a warm fireplace, a gourmet kitchen equipped with high-end appliances, including a Wolf range and Subzero refrigerator, quartzite countertops, large center island, walk in pantry, charming keeping area, breakfast nook with built-in storage, and a lovely courtyard perfect for relaxation. A two-car garage with storage room and additional third parking pad provide ample parking. Large corner lot in the desirable Lost Rabbit community with greenspace both in front and behind the home. Residents enjoy access to a neighborhood pool, park, walking trails, marina, bar & restaurant, general store, boat slips, as well as breathtaking views of the reservoir! Don't hesitate to schedule your showing today.

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener, Garage Faces Rear, Lighted, Parking Pad
  • Details: Attached, Driveway, Garage Faces Rear, Parking Pad
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shake, Wood

HOA

  • Has HOA: Yes
  • HOA Fee: $1,375/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 072A11D046
  • Lot Size: 9147 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2007

Tax Information

  • Annual Tax: $7,145

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s), Gas, Multi Units

Location

  • County: Madison

Listing Details


Listed by:
Lacy Waters
Overby, Inc.
(205) 305-0123

Source:
MLS United
MLS#: 4108260
MLS United

Investment Summary


Monthly Cash Flow
-$1,638
Cap Rate
3.2%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.4%

Purchase Details

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Purchase price:
$794,000
Amount financed:
-$635,200
Down payment:
$158,800
Closing costs:
$23,820
Rehab costs:
$0
Initial cash invested:
$182,620
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$635,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,757
Property tax:
$595
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,639

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$595-$7,145
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (3%)
3%-$115-$1,380
Total operating expenses: (42%)
42%-$1,735-$20,825

Cash Flow


Monthly Yearly
Net operating income:
$2,119 $25,428
Mortgage payments:
-$3,757 -$45,084
Cash flow:
$1,638 $19,656